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Using DeGiro

tod1982

Hi All,

Quick question on using DeGiro when buying a share.

I have always used Goodbody in the past but due to the lower costs have decided to open an account with DeGiro. I am a long term investor and any stock I have bought I have owned for a number of years.

I was looking at buying a company's shares on DeGiro, to hold long term but am getting confused with type and order duration.
To buy these shares at the current market price and have them added to my portfolio what should i select for a) type and b) duration

Thanks

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Taylor365

sector_000 wrote: »

I hold Raytheon Technologies in my DeGiro a/c.
They're scheduled to pay a dividend..... and this appears in my "Upcoming Dividends" section.

However, unlike all other of my NYSE or NASDAQ stocks that show the usual 15% withholding tax, DeGiro shows a 26.4% withholding for this Raytheon. It's December dividend was the usual 15%.

Any ideas why the difference?

They have a "Green" list. If company isn't on it, the tax isn't withheld.

RTX isn't on it for their own magical reasons.

knorrstockpot

Have started learning about investment and dabbling with a few stocks to get a feel for markets and stocks. Using Degiro and have a couple of questions if anybody can help explain in simple terms pls.

Looking at the money overview ‘pop-up’ (button beside available to trade) there are “To be converted” and “Total value cash account” amounts. The “To be converted” is a negative amount and “Total value cash account” is positive with net Total positive. What is the “To be converted” amount and where/how is it calculated?

Thanks.

sector_000

I hold Raytheon Technologies in my DeGiro a/c.
They're scheduled to pay a dividend..... and this appears in my "Upcoming Dividends" section.

However, unlike all other of my NYSE or NASDAQ stocks that show the usual 15% withholding tax, DeGiro shows a 26.4% withholding for this Raytheon. It's December dividend was the usual 15%.

Any ideas why the difference?

bish76

MugsGame wrote: »

I was mostly joking - they should still show in your portfolio, even if Degiro are lending them out (as they are allowed to under their T&C for non-custody a/cs).

Okay so we are back to April fool....:eek:

MugsGame

I was mostly joking - they should still show in your portfolio, even if Degiro are lending them out (as they are allowed to under their T&C for non-custody a/cs).

[Deleted User]

bish76 wrote: »

Thanks, good to know. It's not a custody account.

You're remarkably sanguine considering someone is using your shares to drive down the value of your shares.

bish76

MugsGame wrote: »

If you didn't request a custody account, that's just Degiro lending out your stock to short sellers :pac:

Thanks, good to know. It's not a custody account.

MugsGame

If you didn't request a custody account, that's just Degiro lending out your stock to short sellers :pac:

bish76

bish76 wrote: »

degiro playing April fool in March. Shows my portfolio is empty

Everything back to normal.

bish76

degiro playing April fool in March. Shows my portfolio is empty

Iri17

SauNewb wrote: »

Thanks.

I found the terms and conditions.
They look fairly solid - so I deleted my previous message.

2. Communication
Given that the Cash Account will be used exclusively as a clearing account for securities transactions, custody and administration of Client’s DeGiro account, the communication with flatex Bank is exclusively carried out via DeGiro's WebTrader. The Special Conditions Cash Account for DeGiro Clients and other contractual documents from flatex Bank are entered into via DeGiro’s WebTrader. Any amendments to the Special Conditions Cash Account for DeGiro Clients and other legal documents from flatex Bank shall be communicated to Client via DeGiro’s WebTrader and/or directly to Client’s e-mail.

3. Dispositions / Reference Account
It is not permitted to use this account for payment transactions (cheque withdrawals, direct debits, cheques, etc.) and therefore, this account is not considered as a payment account according to Article 2 (5) of Regulation (EU) No. 260/2012.

Hello everyone,

Do you know if:

1) We need to declare the Flatex cash account to Revenue as foreign bank account?

2) We need to declare the purchase of an ETF by form 11 even if it is Irish domiciled?

Thanks for your help!!

One More Toy

HelloYoungBoy wrote: »

I am still getting the emails but there is definitely more of a delay between when the event occurs and the email, its not instant like it used to be

Got the order email 5 hours later, nothing about the deposit however

HelloYoungBoy

One More Toy wrote: »

I'm not getting emails any more,

None for deposits and orders, what gives?

I am still getting the emails but there is definitely more of a delay between when the event occurs and the email, its not instant like it used to be

One More Toy

I'm not getting emails any more,

None for deposits and orders, what gives?

Shedite27

Gorteen wrote: »

Is the new bank in Germany? What would a Dutch company have a bank account in another country?

Degiro is German now. Bought by a German bank in 2019 (flatex)
https://flatexdegiro.com/de

[Deleted User]

Gorteen wrote: »

Is the new bank in Germany? What would a Dutch company have a bank account in another country?

Its in the EU. Commercual reasons.

Gorteen

Deleted User wrote: »

They changed banks a few months back. You should have got an email about it.

Is the new bank in Germany? What would a Dutch company have a bank account in another country?

[Deleted User]

Gorteen wrote: »

I registered and bought some shares using Degiro about 6 months ago. Tried to transfer some funds yesterday to Degiro because I'm planning on buying some more shares. My bank have said the country I'm transferring to (Netherlands) doesn't match the IBAN.

Has something changed?

They changed banks a few months back. You should have got an email about it.

Gorteen

I registered and bought some shares using Degiro about 6 months ago. Tried to transfer some funds yesterday to Degiro because I'm planning on buying some more shares. My bank have said the country I'm transferring to (Netherlands) doesn't match the IBAN.

Has something changed?

Supercell

One More Toy wrote: »

Last withdrawal for me took two days. No confirmation email either

Thanks very much, thats very reassuring.

One More Toy

Supercell wrote: »

Anyone experiencing delays withdrawing cash?
I submitted a request yesterday morning , got a confirmation email saying withdrawal requests are processed at 13:00 everyday and I would get a confirmation email but no confirmation email arrived and nothing in my account which is frustrating as I need the money for something urgently. Is this normal now, in the past I don't recall such delays? Should I wait until 13:00 today to contact them?

Last withdrawal for me took two days. No confirmation email either

Supercell

Anyone experiencing delays withdrawing cash?
I submitted a request yesterday morning , got a confirmation email saying withdrawal requests are processed at 13:00 everyday and I would get a confirmation email but no confirmation email arrived and nothing in my account which is frustrating as I need the money for something urgently. Is this normal now, in the past I don't recall such delays? Should I wait until 13:00 today to contact them?

dotsman

oinkely wrote: »

Thanks, it was after 4.30. I'll check it in the morning.

Did you set it to a "Day Order" (the default option in degiro) or GTC (Good to Close)? If a day order, the order expires at the end of the day. Now, given you put through the order straight after the market closed on Thursday, I'm not sure if that expires Thursday or at the end of trading Friday, but it's something to consider.

oinkely

cc87 wrote: »

Depends......

If you did it after 4.30pm its because the markets closed and it might trigger when they open tomorrow morning.

If you did it before that it could be because of a price delay between the market and degiro.

Thanks, it was after 4.30. I'll check it in the morning.

cc87

oinkely wrote: »

Question from a newbie testing the waters here:

Entered a limit order at 186.5 for IAG for €95.

Bid says 186.2, and ask says 186.3.

My order is not fulfilled?

Can someone explain what i'm doing wrong?

Depends......

If you did it after 4.30pm its because the markets closed and it might trigger when they open tomorrow morning.

If you did it before that it could be because of a price delay between the market and degiro.

oinkely

Question from a newbie testing the waters here:

Entered a limit order at 186.5 for IAG for €95.

Bid says 186.2, and ask says 186.3.

My order is not fulfilled?

Can someone explain what i'm doing wrong?

One More Toy

I got a new phone, now the fingerprint authentication for the degiro app isn't working which is strange as it works for everything else

Shedite27

Watching Man City V Borussia Monchengladbach here.

Gladback sponsored by Degiro

MugsGame

No, if you manage to cancel a Degiro order before execution there should be no fees (other than FX roundtrip losses sometimes, but that won't apply for Euro accounts on Euro exchanges).

dontparkhere

Daft question but If place an order on degiro for a Frankfurt listed stock and cancel the order do I still get charged the 7.96?